The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative aiming to generate 200 MW by 2026, and more will migrate according […] Original
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As the focus turns toward web3, scalability is becoming a challenge for blockchain networks, preventing them from matching traditional financial systems. Advanced cryptographic techniques, such as zero-knowledge proofs (ZKPs) and scaling solutions like ZK rollups, are emerging as key solutions. Zk rollups involves bundling thousands of transactions off-chain, reducing the main blockchain’s data load while offering a high level of privacy and faster finality times. Experts like Vitalik Buterin believe it could become central to blockchain scalability strategies. The Ethereum co-founder has penned several pieces explaining his vision about rollups…
Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls. Source
The winds of change might be blowing for Polkadot (DOT), a popular blockchain network for connecting different blockchains. After a rough couple of months marked by a nearly 50% price decline from its April peak, DOT is exhibiting signs of a potential resurgence. This positive outlook stems from a confluence of three key factors: whispers of a DOT-focused exchange-traded fund (ETF) on Coinbase, a bullish technical chart pattern, and healthy levels of liquidity in the market. Related Reading ETF Buzz Ignites Investor Interest News broke earlier this week that crypto…
Marathon mined the most bitcoin in June, 590, though that was 4% fewer than in May. CleanSpark (CLSK) mined 445 tokens, an increase of 7%, the report said. Marathon’s installed hashrate remained the largest of the U.S. listed miners, at 31.5 exahashes per second (EH/S) with Riot Platforms (RIOT) second with 22 EH/s, the report added. Original
The Information Commissioner’s Office (ICO) will hold its annual Data Protection Practitioners’ Conference (DPPC) online on Tuesday 8 October. Whether it’s your first time or you’re a DPPC regular, this FREE event will have something for you regardless of experience level, sector or specialism. The DPPC will include content on both data protection and freedom of information legislation and is the only information rights conference where you’ll hear directly from the regulator throughout the day. Our delegates are on the frontline of information rights – helping stop cyber-attacks, preventing personal…
Japanese public investment firm Metaplanet is doubling down on its long-term holding strategy with another multi-million dollar Bitcoin purchase. Japanese investment firm Metaplanet announced the purchase of an additional 42.4 Bitcoin (BTC) for ¥400 million ($2.4 million) as the crypto market struggles to reclaim the $60,000 threshold. In a Jul. 8 press release, the Tokyo-headquartered firm said the move aligns with its long-term strategy to hold Bitcoin as a “strategic treasury reserve asset.” With this latest acquisition, Metaplanet’s total Bitcoin holdings exceed 203 BTC. This purchase follows Metaplanet’s recent allocation…
France’s general election unexpectedly saw a left-wing coalition, the New Popular Front, win the most seats on Sunday, but the group fell short of a majority in the National Assembly contest, leading to a hung parliament that could make forming any new policy, including crypto regulations, harder. Source
On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it at a critical juncture in terms of technical analysis and market sentiment. Sina G, the COO and co-founder of 21st Capital, provided a breakdown of the factors influencing Bitcoin’s price trajectory today, particularly highlighting recent…